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OL NEWS FLASH – APRIL 21, 2020

Apr 22, 2020 | Transportation and Supply Chain News

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Modifying Reciprocal Tariffs

by | August 5, 2025 | Tariff Updates | 0 Comments

On July 31, 2025, President Trump declared a national emergency to issue new tariffs, raising some EU tariffs to 15%, adding a 10% tariff on other countries, and imposing a 40% penalty on duty evasion, set to take effect on August 7, 2025. Countries and...
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Tariff Update – July 7th Announcement Recap

by | July 9, 2025 | Tariff Updates | 0 Comments

Overview: President Trump announced a new wave of tariff increases, closely resembling the “Liberation Day” tariffs from April 2nd. The key change was a one-month delay in implementation, pushing the effective date to August 1st. The announcement served as a reminder...
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Trump tells Japan, South Korea leaders he’s imposing 25% tariff

by | July 7, 2025 | Tariff Updates | 0 Comments

On Monday, President Trump issued letters threatening 25% duties on goods from Japan and South Korea, up to 40% on goods from Laos and Myanmar, 30% on South Africa, and 25% on Malaysia and Kazakhstan. Trump also proposed an additional 10% tariff on countries...
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U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war

by | May 12, 2025 | Tariff Updates | 0 Comments

The U.S. and China agreed to a 90-day pause on most tariffs, easing tensions in their ongoing trade war and boosting global markets. The U.S. will reduce tariffs on Chinese goods...
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Trump set to unveil ‘full’ US-UK trade deal, first since ‘Liberation Day’ tariffs

by | May 8, 2025 | Tariff Updates | 0 Comments

President Trump is set to announce a comprehensive trade deal with the UK, marking the first such agreement since his administration imposed and then paused broad "reciprocal" tariffs in April. Trump emphasized the longstanding alliance with...
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China eases tariffs on select US goods as Trump says Beijing will ‘eat’ the costs

by | April 30, 2025 | Tariff Updates | 0 Comments

China is quietly exempting select U.S.-made goods from its steep 125% tariffs to ease trade tensions while preserving a tough public stance, focusing on sectors like semiconductors and pharmaceuticals. In contrast, President Trump has...
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What’s in Trump’s move to ease US automotive tariffs

by | April 30, 2025 | Tariff Updates | 0 Comments

Tariff Stacking Removed: Vehicles and parts hit with the new 25% Section 232 auto tariff will no longer face an additional 25% tariff on steel, aluminum, or certain imports from Canada and Mexico. However, tariffs on Chinese imports (up to 145%) and the standard 2.5%...
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Trump’s autos tariff relief aimed at reshoring production to US, Lutnick says

by | April 29, 2025 | Tariff Updates | 0 Comments

On April 29, President Donald Trump is set to sign an order offering temporary relief from his 25% vehicle tariffs to automakers producing in the U.S., allowing time to reconfigure supply chains. The relief includes credits for...
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Imports from China now face tariffs of up to 245%, White House says

by | April 17, 2025 | Tariff Updates | 0 Comments

The U.S. is imposing tariffs as high as 245% on Chinese imports due to national security concerns and China's retaliatory actions, including rare earth export restrictions. These tariffs include a 125% reciprocal...
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Trump tariffs on China will soon bring ‘irreversible’ damage to many American businesses

by | April 15, 2025 | Tariff Updates | 0 Comments

President Trump’s decision to exempt Apple’s iPhone and other tech products from new China tariffs offered limited relief, as the broader U.S. economy, especially small businesses, faces growing strain from a sweeping 145% tariff...
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